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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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Free AccessMNI BRIEF: China November PMI Rises Further Above 50
MNI US Macro Weekly: Politics To The Fore
Strong risk related rally in USD/JPY....>
EURO-DOLLAR: Strong risk related rally in USD/JPY Wednesday (optimism regarding
COVID-19 China spread) prompted general USD strength and led to EUR/USD
extending recent lows, posted a fresh YTD low of $1.0782 in pre fix trade. Rate
recovered through the fix to $1.0812, closing the day at $1.0806. Reports of
virus spread in S.Korea, along with two deaths on the quarantined Diamond
Princess cruise liner, dented Wednesday's risk appetite into Thursday trade,
USD/JPY backed off highs which saw EUR/USD edge up to $1.0815. However, recovery
ran into decent sell interest(reports of decent offers on the platforms) and
rate reversed tack and eased back below $1.0800, trading to $1.0790 into Europe.
- Germany GfK Consumer Confidence(median 9.8 vs 9.9 last) and PPI(market median
0.1%mm, -0.4%yy vs last -0.2% last) provide early interest, ahead of France
final inflation data at 0745GMT. EZ Consumer Confidence at 1500GMT.
- US Jobless Claims and Phila Fed at 1330GMT.
- Option linked support into $1.0782/75. Break to expose $1.0750 ahead of
$1.0730 area. Resistance $1.0815/25, $1.0850.
To read the full story
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.